In a piece in Spiegel OnLine, the Italian PM, with all his warts and all - including the latest case against him - is exposed as having let the country drift into economic chaos.
"Il Cavaliere -- a sinner caught in the act. Not just the Milan court, but all of Italy must once again confront the buffooneries of its aging prime minister -- and this at a time when the country is in economic difficulties serious enough to threaten its very survival, and when the future of Project Europe depends in part on whether the third-largest economic power in the euro zone is being run decently and with sound judgment.
But the world, as has recently become apparent, thinks that it is not . Berlusconi's Italy is debt-ridden, shouldering a burden worth €1.85 trillion, more than twice as much as Greece, Ireland and Portugal combined. In the next 12 months alone, €300 billion of that debt will have to be refinanced -- more than the €250 billion in the euro-zone bailout fund. Last week, confidence in the country seemed to disappear from one day to the next."
"Il Cavaliere -- a sinner caught in the act. Not just the Milan court, but all of Italy must once again confront the buffooneries of its aging prime minister -- and this at a time when the country is in economic difficulties serious enough to threaten its very survival, and when the future of Project Europe depends in part on whether the third-largest economic power in the euro zone is being run decently and with sound judgment.
But the world, as has recently become apparent, thinks that it is not . Berlusconi's Italy is debt-ridden, shouldering a burden worth €1.85 trillion, more than twice as much as Greece, Ireland and Portugal combined. In the next 12 months alone, €300 billion of that debt will have to be refinanced -- more than the €250 billion in the euro-zone bailout fund. Last week, confidence in the country seemed to disappear from one day to the next."
Comments